We have an umbrella policy that covers losses. It can't be item by item because the items come and go so quickly!
The fair way to pay people would be to guess at what the items would auction for and then pay that amount minus what we would have received as a commission. That is what the sellers would have received had it been auctioned. Then we would try to get that amount from the insurance company, but we might get far less, and if that happened, it would be my loss. Like I said, it has only come up in a very tiny way in the past. Bruce On 2/29/12, James Gresham <[email protected]> wrote: > Dave years ago Bruce was selling some of my items. They accidently lost > one. They contacted me & told me about it & paid me what I felt was a fair > price. They probably didnt even know who I was. I had forgotten that I > had even given them the poster. However, Bruce took the initiative and > gave me a fair price. I doubt that they loss much, but when they did with > me, they were very fair. Jim > > On Wed, Feb 29, 2012 at 4:34 PM, Dave Smith <[email protected]> wrote: > >> ** >> Bruce, when you say you are responsible, does that mean each consignors >> material is covered by your insurance company? And at what value? >> I only ask because this is one of those areas that isn’t really ever >> talked about and just assumed. God forbid your building was destroyed in >> last nights storms and all the consignments were a total loss. Are you >> saying the consignors will be reimbursed for their loss? By whom and at >> what %? >> >> Guess I would rather ask now then later. >> >> I guess the same question to Grey, Rich, et al. >> >> Thanks! >> >> Dave Smith >> Reel Deals >> >> >> *From:* Bruce Hershenson <[email protected]> >> *Sent:* Wednesday, February 29, 2012 2:25 PM >> *To:* [email protected] >> *Subject:* Re: [MOPO] Last night's storms >> >> We are responsible for every item we receive on consignment, from the >> moment it arrives, to the time we pay the consignor. >> >> We too have never had to make a claim. There have been a very few minor >> items that I could not locate (from many years ago) and I paid a fair >> value >> for those to the consignors. >> >> Bruce >> >> On Wed, Feb 29, 2012 at 1:10 PM, Sean Linkenback <[email protected] >> > wrote: >> >>> I know that www.MoviePosterExchange.com has insurance to cover any items >>> that consignors have placed with us for sale, and know Heritage does >>> also. >>> >>> I do wonder about some of the restorers though. >>> Had a friend who sent in a one-sheet for Beast From 20,000 Fathoms to one >>> of the more well known restoration houses and they piece was >>> inadvertently >>> destroyed while in their possession. >>> The response my friend got was basically, "Sorry about that, we can give >>> you some credit towards more restoration work if you'd like." >>> >>> >>> >>> >>> -----Original Message----- >>> From: Dave Smith [mailto:[email protected]] >>> Sent: Wednesday, February 29, 2012 01:01 PM >>> To: [email protected] >>> Subject: Re: [MOPO] Last night's storms >>> >>> body {height: 100%; color:#000000; font-size:12pt; >>> font-family:Arial;}Brek, >>> >>> First, totally sorry for your loss. I couldn’t even imagine. >>> >>> Your post along with Bruce's this morning brings up an interesting >>> question for Bruce or Grey or Rich or any other auction house where >>> someone >>> else's material is being held. I don’t see this question being asked >>> much: >>> >>> What happens to a consignor's material if the building in which it is >>> being held is destroyed? SOL for the consignor? >>> >>> Is my material protected under Bruce's insurance policy (if he has >>> any)??? >>> >>> Just curious. >>> >>> Thanks. >>> >>> Dave Smith >>> Reel Deals >>> >>> >>> >>> >>> >>> >>> From:Brek Anderson >>> Sent: Wednesday, February 29, 2012 11:50 AM >>> To:[email protected] >>> Subject: Re: [MOPO] Last night's storms >>> >>> >>> >>> >>> Just saw some reports on some of the tornado damage in Illionois. My >>> warehouse fire loss happened four weeks ago and just comming to grips >>> with >>> it, but it wasn't my home or life loss involved. I can't imagine what it >>> is like for those that have lost loved ones and/or their homes. >>> >>> >>> Brek >>> >>> ----- Original Message ----- >>> From: Bruce Hershenson <[email protected]> >>> To: [email protected] >>> Sent: Wed, 29 Feb 2012 13:37:34 -0000 (UTC) >>> Subject: [MOPO] Last night's storms >>> >>> Last night, the most amazing storms passed through our area. I felt >>> exactly like I was on the S.S. Minnow, because our entire town was >>> tossing >>> and turning in the wind! >>> >>> I know Branson got hit hard, but the movie poster capital of the world >>> came through relatively unscathed! >>> >>> But I wasn't so sure of the outcome at 2 AM when you could see trees >>> bending and the tornado sirens were blaring! >>> >>> Thanks to those who inquired. >>> >>> Bruce >>> >>> -- >>> Bruce Hershenson and the other 24 members of the eMoviePoster.com team >>> >>> >>> P.O. Box 874 >>> West Plains, MO 65775 >>> Phone: 417-256-9616 (hours: Mon-Fri 9 to 5 except from 12 to 1 when we >>> take lunch) >>> our site >>> our auctions >>> >>> >>> >>> >>> >>> >>> >>> >>> Visit the MoPo Mailing List Web Site at >>> www.filmfan.com___________________________________________________________________How >>> to UNSUBSCRIBE from the MoPo Mailing ListSend a message addressed to: >>> [email protected] the BODY of your message type: SIGNOFF >>> MOPO-LThe author of this message is solely responsible for its content. >>> >>> >>> >>> Visit the MoPo Mailing List Web Site at >>> www.filmfan.com___________________________________________________________________How >>> to UNSUBSCRIBE from the MoPo Mailing ListSend a message addressed to: >>> [email protected] the BODY of your message type: SIGNOFF >>> MOPO-LThe author of this message is solely responsible for its content. >>> Visit the MoPo Mailing List Web Site at >>> www.filmfan.com___________________________________________________________________How >>> to UNSUBSCRIBE from the MoPo Mailing ListSend a message addressed to: >>> [email protected] the BODY of your message type: SIGNOFF >>> MOPO-LThe author of this message is solely responsible for its content. >>> >>> Visit the MoPo Mailing List Web Site at www.filmfan.com >>> ___________________________________________________________________ >>> How to UNSUBSCRIBE from the MoPo Mailing List >>> >>> Send a message addressed to: [email protected] >>> In the BODY of your message type: SIGNOFF MOPO-L >>> >>> The author of this message is solely responsible for its content. >>> >> >> >> >> -- >> Bruce Hershenson and the other 24 members of the eMoviePoster.com team >> P.O. Box 874 >> West Plains, MO 65775 >> Phone: 417-256-9616 (hours: Mon-Fri 9 to 5 except from 12 to 1 when we >> take lunch) >> our site <http://www.emovieposter.com/> >> our auctions <http://www.emovieposter.com/agallery/all.html> >> >> <http://www.emovieposter.com/unused/signature/20111028Frankensteinemployeegroupphotosignature.jpg> >> >> Visit the MoPo Mailing List Web Site at www.filmfan.com >> ___________________________________________________________________ How >> to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: >> [email protected] In the BODY of your message type: SIGNOFF >> MOPO-L The author of this message is solely responsible for its content. >> >> Visit the MoPo Mailing List Web Site at www.filmfan.com >> ___________________________________________________________________ How >> to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: >> [email protected] In the BODY of your message type: SIGNOFF >> MOPO-L The author of this message is solely responsible for its content. >> >> > > > -- > Jim Gresham > 18501 Henry Ct > Ray Mi 48096 > 586 677-7669 > > www.greshamsinc.com > www.childrenofthenightbook.com > www.theyreherealreadybook.com > > Visit the MoPo Mailing List Web Site at www.filmfan.com > ___________________________________________________________________ > How to UNSUBSCRIBE from the MoPo Mailing List > > Send a message addressed to: [email protected] > In the BODY of your message type: SIGNOFF MOPO-L > > The author of this message is solely responsible for its content. > > -- Bruce Hershenson and the other 24 members of the eMoviePoster.com team P.O. Box 874 West Plains, MO 65775 Phone: 417-256-9616 (hours: Mon-Fri 9 to 5 except from 12 to 1 when we take lunch) our site <http://www.emovieposter.com/> our auctions <http://www.emovieposter.com/agallery/all.html> <http://www.emovieposter.com/unused/signature/20111028Frankensteinemployeegroupphotosignature.jpg> Visit the MoPo Mailing List Web Site at www.filmfan.com ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: [email protected] In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content.
